SafeMoney.com Talks Retirement with Protect Wealth Academy
Brent Meyer, President and Founder of SafeMoney.com and a wealth brokerage owner, recently joined Protect Wealth Academy (PWA) for an insightful discussion. PWA educates investors on asset protection, tax minimization, and wealth creation. With over 23 years in the financial services industry, Meyer shared his expertise on annuities, life insurance, and retirement planning strategies. He emphasized the importance of planning for a long retirement and offered effective strategies for growth, income, and protection using guaranteed insurance contracts.
Why SafeMoney.com Was Started:
Meyer noticed a gap in accessible, practical retirement planning information.
SafeMoney.com aims to provide unbiased financial education and clarity for consumers.
Common Retirement Myths:
Many believe they are retirement
-ready due to disciplined savings, but longevity risk and inflation can impact their plans.
Fee-based planning can also pose conflicts of interest, as advisors might prioritize fee-generating accounts.
Annuities and Their Role:
Annuities are often misunderstood; they are not investments but transfer-of-risk strategies.
They provide contractual guarantees and should be part of the retirement portfolio foundation.
Effective Wealth Creation Strategies:
Fixed index annuities offer tax-deferred growth without contribution limits.
Cash value life insurance policies provide tax-free income and are useful for minimizing taxes in retirement.
Understanding Life Insurance:
Indexed universal life insurance offers growth potential linked to market indices with protective features like caps and floors.
Common Estate Planning Mistakes:
Procrastination and not considering the impact of taxes can undermine estate plans.
Life insurance can provide liquidity and cover estate taxes, ensuring beneficiaries receive the full estate value.
Preparing for Long-Term Care:
With high costs for nursing homes and in-home care, early preparation is essential.
Life insurance with living benefits can help cover care costs without depleting retirement savings.
Future of Retirement Planning:
Economic conditions and longer life expectancies may drive a shift toward annuities for guaranteed lifetime income.
For more insights and strategies on retirement planning, visit SafeMoney.com and explore their resources.
You can read the interview in full here.
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